Biome Technologies (LON:BIOM) Shares Down 60% – Here’s Why

Biome Technologies plc (LON:BIOMGet Free Report) was down 60% during trading on Friday . The stock traded as low as GBX 1 ($0.01) and last traded at GBX 1.50 ($0.02). Approximately 179,547 shares changed hands during mid-day trading, an increase of 203% from the average daily volume of 59,301 shares. The stock had previously closed at GBX 3.75 ($0.05).

Biome Technologies Price Performance

The stock has a market cap of £953,782.46, a PE ratio of -0.05 and a beta of 2.26. The company’s fifty day moving average is GBX 3.70 and its 200 day moving average is GBX 6.47. The company has a quick ratio of 0.90, a current ratio of 1.11 and a debt-to-equity ratio of 5,633.33.

Biome Technologies Company Profile

(Get Free Report)

The Group comprises two divisions, Biome Bioplastics Limited and Stanelco RF Technologies Limited. Biome Bioplastics is a leading developer of highly-functional, bio-based and biodegradable plastics. The company’s mission is to produce bioplastics that challenge the dominance of oil-based polymers. Stanelco RF Technologies designs, builds and services advanced radio frequency (RF) systems.

Further Reading

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